This competency deals with the final phase of the Project, Project Closure. By definition, a project has a beginning, a middle and most importantly, an end.It is incumbent upon the Project Manager to ensure that the project is complete, the budget reconciled, the resources assigned to the project have been released, and to obtain agreement from the project sponsors that all promised requirements have been delivered to the satisfaction of the Project Sponsors.There is a saying in Project Management, among other disciplines, that, if it wasnt documented, it wasnt done. That is why it is important to officially document the closure of a project.The purpose of the project closure document is to 1) mark the completion of the project by assessing the project’s performance, 2) identifying the lessons learned, and 3) confirming that essential contractual and other project closure activities have been completed.This document also transfers assets, deliverables and all ongoing administrative functions to an in-service business organization. Included in this transfer is the commitment to measure the benefits/outcomes delivered by the project.Please see attached files for complete instructions.
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